The abundance of agricultural products in Nigeria continues to make the nation, one of the wealthiest in the world. Over 100 different agricultural products are grown in the country. And profitable as they may seem, one of the most globally demanded agricultural products which are grown in vast volumes in Nigeria are Cocoa Beans.
International buyers all over the world are always looking to purchase Cocoa Beans from Nigeria because of its quality, abundance, and price. They come into the country regularly for meetings with commodity trading companies and farmers to see how they can establish long-term relationships with them to guarantee a steady supply of the commodity every month for at least one year. Depending on what they agree, they decide which supplier or suppliers to go with, issue an ICPO (Irrevocable Corporate Purchase Order), sign a contract, and start transacting.